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Boston Day School Buys Current Location with $25M Bond
Kingsley Montessori School, Inc. has purchased its current location at 26 Exeter Street in Boston with the help of a $25 million tax-exempt bond issued by MassDevelopment. Rockland Trust purchased the bond, providing the school with a lower cost of capital and additional financial services.
This transaction secures a permanent home for Kingsley Montessori, which has been leasing the space since 2005 and completed renovations in 2015. The purchase allows the school to continue providing its Montessori-based education to students in the Back Bay neighborhood. Kingsley Montessori offers a Toddler through Grade 6 program with 308 enrolled children and a 7:1 student to teacher ratio.
“Securing 26 Exeter Street, our second permanent home in the Back Bay, strengthens our financial footing, ensuring Kingsley will be here for generations of students past, present, and future,” said Steve Farley, head of Kingsley Montessori School.
- ◦Financing
